Stock Monitor: Brighthouse Financial Post Earnings Reporting

LONDON, UK / ACCESSWIRE / May 16, 2018 / If you want access to our free earnings report on Principal Financial Group, Inc. (NASDAQ: PFG), all you need to do is sign up now by clicking the following link www.active-investors.com/registration-sg/?symbol=PFG. The Company posted its financial results on April 26, 2018, for the first quarter of the fiscal year 2018 (Q1 FY18). The Company reported a record first quarter non-GAAP operating earnings per share (EPS), topping analysts' consensus estimates. Register today and get access to over 1,000 Free Research Reports by joining our site below:

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Active-Investors.com is currently working on the research report for Brighthouse Financial, Inc. (NASDAQ: BHF), which also belongs to the Financial sector as the Company Principal Financial Group. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Principal Financial Group most recent news is on our radar and our team decided to put out a fantastic report on the company that is now available for free below:

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Earnings Highlights and Summary

For Q1 FY18, Principal Financial Group's total operating revenues came in at $2.88 billion versus $3.05 billion in the prior year's comparable quarter. For the reported quarter, the Company's total expenses fell to $2.43 billion from $2.64 billion in Q1 FY17.

For Q1 FY18, the financial services Company reported a net income available to common shareholders of $397.1 million, or $1.36 per diluted share, compared to $348.9 million, or $1.19 per diluted share, in Q1 FY17. Furthermore, the Company's non-GAAP operating earnings rose to a first quarter record of $408.8 million, or $1.40 per diluted share, in Q1 FY18 from $370.5 million, or $1.27 per diluted share, in Q1 FY17. Meanwhile, Wall Street had expected the Company to report non-GAAP operating earnings of $1.35 per diluted share for Q1 FY18.

Performance Metrics

At the end of Q1 FY18, the Des Moines, Iowa-based Company's assets under management (AUM) were $423.8 billion compared to $403.0 billion in the prior year's same quarter. The Company reported a book value per common share, excluding accumulated other comprehensive income (AOCI), of $43.99 as on March 31, 2018, compared to $38.43 as on March 31, 2017. Furthermore, Principal Financial Group's book value per common share, excluding AOCI other than foreign currency translation adjustment, increased to $40.83 as on March 31, 2018, from $34.85 as on March 31, 2017.

Segment Performance

During the quarter ended March 31, 2018, the Company's Retirement and Income Solutions segment's net revenues came in at $1.61 billion compared to $1.58 billion in the year ago corresponding quarter. During the reported quarter, the segment's pre-tax operating earnings were $513.4 million, or 32.0% of segment revenues, versus $524.1 million, or 33.8% of segment revenues, in Q1 FY17.

The Company's Principal Global Investors segment's operating revenues came in at $1.47 billion in Q1 FY18, which were above the $1.42 billion reported in in Q1 FY17. The segment's pre-tax operating earnings stood at $480.0 million in Q1 FY18 versus $464.1 million in the prior year's comparable quarter.

The Company's Principal International segment reported combined net revenues of $934.2 million in Q1 FY18 compared to $834.7 million in Q1 FY17. Additionally, the segment's pre-tax operating earnings came in at $316.1 million, or 33.8% of segment revenues, in Q1 FY18 versus $321.0 million, or 38.5% of segment revenues, in Q1 FY17.

For Q1 FY18, the Company's Specialty Benefits segment's insurance premium and fees were $2.06 billion compared to $1.90 billion in Q1 FY17. Furthermore, the segment reported pre-tax operating earnings of $276.9 million, or 13.4% of segment revenues, in Q1 FY18 compared to $257.8 million, or 13.6% of segment revenues, in the last year's same quarter.

The Company's Individual Life Insurance segment generated premium and fees amounting to $1.10 billion in Q1 FY18 compared to $1.01 billion in Q1 FY17. During the reported quarter, the segment's pre-tax operating earnings were $130.2 million compared to $109.1 million in the year ago corresponding quarter.

Dividend and Buyback

In its earnings press release, Principal Financial Group announced that its Board of Directors has hiked the cash dividend by 13% to $0.52 per share for the second quarter of the fiscal year 2018, which is payable on June 29, 2018, to shareholders of record as on June 04, 2018.

The Company further informed Wall Street that it had repurchased 2.9 million shares of its common stock for $178.6 million in Q1 FY18. On May 07, 2018, the Company's Board of Directors approved a new authorization for the repurchase of up to $300 million of its outstanding common stock. Moreover, as of March 31, 2018, the Company had approximately $96 million remaining under its $250 million share repurchase authorization of May 17, 2017.

Stock Performance Snapshot

May 15, 2018 - At Tuesday's closing bell, Principal Financial Group's stock slightly climbed 0.08%, ending the trading session at $59.16.

Volume traded for the day: 1.74 million shares.

After yesterday's close, Principal Financial Group's market cap was at $17.12 billion.

Price to Earnings (P/E) ratio was at 9.84.

The stock has a dividend yield of 3.45%.

The stock is part of the Financial sector, categorized under the Life Insurance industry.

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